Some of the poor and middle-income students end up paying high tuition fees in privately-owned universities and colleges while some of the rich students get to enjoy free or very low tuition fees of state universities and colleges in the country. a.) Why is this happening in the country?
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Some of the poor and middle-income students end up paying high tuition fees in
privately-owned universities and colleges while some of the rich students get to enjoy free or very low tuition fees of state universities and colleges in the country.
a.) Why is this happening in the country?
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- 3. Which of the following are direct providers in Tourism? A. Mazoon Electricity Company, Al Maha Petrol station, Al Na’aba Cleaning Services B. Hilton Hotel, Al Majan Tour Bus Company, Jibreen Fort C. Al Waha Magazine, Muscat Tourism Training College, Bahwan Construction D. Ooredoo Phone Company, Oman United Insurance, Al Khalil Printing Company#2 please. Can you explain it a little more than the first time I still do not understand.4. The land of Nod has a Queen named Virginia who took over the throne after her late mother Carolina passed away from natural causes. Virginia is meaner than her mother. She makes people salute her in the street when they see her and yell "She is amazing! All hail Virginia!" Just yesterday she woke up and decided that all people must wear yellow on Fridays. What type of government is in Nod? Please only Typing answer I need ASAP
- 83) Ayn Rand's definition of capitalism includes a free market where people trade goods that have value to them She makes a distinction between items with philosophically objective value and those with socially objective value. Which of the following statements does NOT reflect her distinction between philosophical and socially objective values? a. a rational person will decide what objects are socially objectively valuable to him/her- b. items that are philosophically objectively valuable are not necessarily the most popular. c. the market walue pf a product represents its philosophically objective value. d. a famous Renaissance sculpture could be considered philosophically valuable e. a company that wants to make money should produce goods with socially objective value1. Why might government be less capable than the market to do good? 2. The text makes it look as if maximizing output is the goal of society. a. Is maximizing output the goal of society? b. If the country is a Christian country, should it be? c. If not, what should it be? (Religious) 3. It has been said that “capitalism robs us of our sexuality and sells it back to us.” a. Does sex sell? b. Is sex used to sell goods from Land Rovers to tissue paper? c. Who, if anyone, is exploited in the use of sex to sell commodities? d. Are both men and women exploited in the same ways? (Feminist) 4. Thorstein Veblen wrote that vested interests are those seeking “something for nothing.” In chapter 2, you learned how technology shapes the economy’s production possibilities over time so that a country becomes increasingly good at producing a subset of goods. a. In what ways have vested interests used their influence to bias the U.S. economy toward the production of military goods at the expense…1. When a tax is imposed on a good, what do we know about the losses to buyers and sellers? Select one: a. They are less than the revenue raised by the government. b. They cannot be compared to the tax revenue raised by the government since the amount of the tax will vary from good to good. c. They are equal to the revenue raised by the government. d. They exceed the revenue raised by the government. 2. Suppose that Ghana has a comparative advantage in producing tuna and trade in tuna is now allowed, what can be said about Ghana? Select one: a. Ghana will only become an exporter of tuna if it also has absolute advantage in producing tuna b. Ghana will become an importer of tuna c. Ghana will become an exporter of tuna d. Ghana will only become an importer of tuna if it also has absolute advantage in producing tuna 3. The world price of coffee is $30 per kg. The pre-trade price of coffee in Ivory Coast is $20 per kg. What would happen if Ivory Coast allows trade in coffee?…
- 1.Do you believe Amazon is taking unfair advantage of the tax system? 2.If tax laws are changed so that companies are no longer allowed to reduce their tax debt by deducting expenses for investment into research and development, do you think companies will reduce spending on innovation? Why or why not? 3.How can communities attract business investment without giving away their tax revenue? 4.Globalization has made it more difficult for national governments to tax : orporate income effectively because it is difficult to establish where the income was earned. Companies like Amazon exploit this to shift their tax burdens to countries with lower rates, effectively depriving some countries of revenue they deserve and need and sending money to countries that do not bear the cost of supporting the company's operations. Should countries compete for corporate tax revenue by offering lower rates than their neighbors?3. In the labour market, workers would like to receive higher wages and firms would like to pay lower wages. a. Suppose that workers succeed in having a minimum wage established above the equilibrium wage. What will happen to the number of workers employed when compared to the original equilibrium? b. Suppose that firms succeed in having a maximum wage established below the equilibrium wage. What will happen to the number of workers employed compared to the original equilibrium? c. What wage maximizes the number of workers employed? Why?(b) Assuming that there are only two nations in the world, Africa and the USA, each nation produces gold (G) and corn (C). Also assume that labor is the only factor of production. The table below shows how much of each good a country can produce using one hour of labor time. AFRICA USA GASOLINE 50 15 (barrels/hr) CORN (tonnes/hr) 30 25 I. Identify which country has the Absolute Advantage and Disadvantage in each good. Justify your answer. II. Identify which country has the Comparative Advantage and Disadvantage in each good. Justify your answer. II. What is a term of trade? Identify the term of trade for both countries. Justify your answer.
- 1. Classify the following questions as Microeconomics or Macroeconomics and provide a justification for your choice. (i) How will the market for melons be affected after Hurricane Dean? (ii) How much will the Trinidadian economy grow this year? (iii) What are the factors which determine the choice that a person makes between buying a Honda Accord or a Toyota Corolla? (iv) What will the inflation rate be for Belize?1. Classify the following as microeconomics or macroeconomics and give and provide a justification for your choice by choosing answers from A-F to fit each statement below. ,The effect of rising oil prices on employment in the airline industry. - A comparison of alternative tax policies and their respective impacts on the rate of the nation’s economic growth. - Changes in the nation's unemployment rate over short periods of time. - The effect of changes in the household saving rates on the growth rate of national income. a- Micro. Examining one firm in the economy b- Macro examining one sector in the economy c- Micro, examining one individual/household in the economy d- Macro, examining the entire economy e-Micro examining one firm in the economy f- Micro examining one sector of economy 2. Choose the most appropriate answer to fit the statements. Due to heavy rains the price of ground produces increase a- Compare the cost versus benefits in the making b- Diminishing returns c- People…2. How are the Western fast food companies doing in China? McDonald’s, Starbucks, and KFC are here. Can Tim Hortons learn something from the experiences of these companies in China?